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Author Topic: How do you keep your bitcoins?  (Read 48735 times)
ubercool
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April 04, 2017, 06:34:26 AM
 #121

I think offline wallet is the safest among the rest, it prevents from scam that usually done by exchanges. But I trust my local exchange because it requires our identification. But I am not sure we can trace them or file a complaint once they scam us.

have you tried visiting their office since it is in your locality? if so, i think it will be easy to file a complaint once there is defrauding going on. i advice you try to visit there office it its near your place so you can be more assured to your local exchange. Smiley

I frankly don't trust these local exchanges as they can close and set off any time they want. This happened last year in my locality as the bitcoin price got pumped to 1300$ and the next day there was no office. They closed without intemating their own employees.
So its better to save up all your Bitcoin locally, offline.  Roll Eyes
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April 04, 2017, 06:53:14 AM
 #122

I think offline wallet is the safest among the rest, it prevents from scam that usually done by exchanges. But I trust my local exchange because it requires our identification. But I am not sure we can trace them or file a complaint once they scam us.

have you tried visiting their office since it is in your locality? if so, i think it will be easy to file a complaint once there is defrauding going on. i advice you try to visit there office it its near your place so you can be more assured to your local exchange. Smiley

I frankly don't trust these local exchanges as they can close and set off any time they want. This happened last year in my locality as the bitcoin price got pumped to 1300$ and the next day there was no office. They closed without intemating their own employees.
So its better to save up all your Bitcoin locally, offline.  Roll Eyes
where do you live? It must be a very very bad scenario and I believe that there must be some news about this situation. however, I do not hear anything about it. Did you tell a joke to us?
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April 04, 2017, 06:56:41 AM
 #123

I think it's the question how much bitcoins you own.
If your fortune ain't that big, I think an online wallet is enough.
If you have more coins, a cold storage might be a solution to think about.
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April 04, 2017, 06:57:53 AM
 #124

I think offline wallet is the safest among the rest, it prevents from scam that usually done by exchanges. But I trust my local exchange because it requires our identification. But I am not sure we can trace them or file a complaint once they scam us.

have you tried visiting their office since it is in your locality? if so, i think it will be easy to file a complaint once there is defrauding going on. i advice you try to visit there office it its near your place so you can be more assured to your local exchange. Smiley

I frankly don't trust these local exchanges as they can close and set off any time they want. This happened last year in my locality as the bitcoin price got pumped to 1300$ and the next day there was no office. They closed without intemating their own employees.
So its better to save up all your Bitcoin locally, offline.  Roll Eyes
where do you live? It must be a very very bad scenario and I believe that there must be some news about this situation. however, I do not hear anything about it. Did you tell a joke to us?
That's really frustrating. It's better to look for REAL trusted exchanges and don't deposit every bitcoin you have there, that's for sure. Always keep something offline to prevent it from getting stolen.

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April 04, 2017, 07:05:53 AM
 #125

I only keep a little bitcoin that can called satoshi so because i only have a little me choose to save at local exchanger. honestly online wallet is save too, for feel save you only need to add some protection.

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April 04, 2017, 07:16:47 AM
 #126

I only keep a little bitcoin that can called satoshi so because i only have a little me choose to save at local exchanger. honestly online wallet is save too, for feel save you only need to add some protection.

Maybe you can add additional offline wallet so save your bits in case if something happen on online wallet.
I'm save my bits on online wallet and import the private key to restore into my offline wallet ( multibit )

For fiat convertion , I'm using local wallet named vip bitcoin when the value reach my expectation.

Smiley
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April 04, 2017, 09:08:28 AM
 #127

I think offline wallet is the safest among the rest, it prevents from scam that usually done by exchanges. But I trust my local exchange because it requires our identification. But I am not sure we can trace them or file a complaint once they scam us.
I have to say sir, that I cannot undestand your point of view.
In what case identification verification made by exchange, would prevent you being scammed by them ?
Plus, you can get even more trouble in the situation when exchange scams their clients: They take your bitcoins away but also they can sell your identity to third, unauthorized parties.
That may cause a lot of struggle: someone would take a loan in your name, and you cannot even do anything about it: unless there is a way you can show an evidence of getting your ID details stolen.
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April 04, 2017, 09:13:18 AM
 #128

I only keep a little bitcoin that can called satoshi so because i only have a little me choose to save at local exchanger. honestly online wallet is save too, for feel save you only need to add some protection.
Lot of online as well offline wallets were available for saving and holding bitcoin with much enhanced security measures. People prefer different service providers depending upon the accessibility provided along with the fee levied on transaction. I personally prefer blockchain.info for most of the transaction needs.

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mmo_online_1981
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April 04, 2017, 09:16:04 AM
 #129

I keep my BTC on my mobile wallet, but a little for test. Because a BTC was great
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April 04, 2017, 09:18:59 AM
 #130

I use a hardware wallet(keepkey), electrum and blockchain.info sometimes.
Don't keep the bitcoins online at exchanges like OP said, it's really not safe.
I want to try those hardware wallets, but I don't have enough extra money for that. I think that's better compared to having an old laptop to be your cold storage, it's portable, and it's easier to use. Keeping it on online exchanges can expose your bitcoins for attacks.

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April 04, 2017, 10:19:36 AM
 #131

I use a hardware wallet(keepkey), electrum and blockchain.info sometimes.
Don't keep the bitcoins online at exchanges like OP said, it's really not safe.
I want to try those hardware wallets, but I don't have enough extra money for that. I think that's better compared to having an old laptop to be your cold storage, it's portable, and it's easier to use. Keeping it on online exchanges can expose your bitcoins for attacks.

I use the purse blockchain.info. I like him more than others. There is nothing superfluous in it and everything is clear. But I have several such purses.
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April 04, 2017, 10:25:14 AM
 #132

I think it's the question how much bitcoins you own.
If your fortune ain't that big, I think an online wallet is enough.
If you have more coins, a cold storage might be a solution to think about.
The OP said that he wants to buy bitcoin for a couple of thousands USD. So, I guess, the sum is quite big. I heard that offline wallet is safer but I personally trust Blockchain wallet. You just need a good password and then it's pretty safe. I know a person with 1 btc in this online wallet and he trusts it as well. The problem with a cold wallet is that if something happens to your computer, you may say goodbye to your money, whereas with online wallet you get access anywhere.

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April 04, 2017, 02:12:02 PM
 #133

The better way to keep your BTCis on trezor. I use it and it's very safe. Nobody can hack it, even if the pc you use will be hacked, your bitcoin, can't go anywhere. You choose your pass and nobody will know it. If you forgot this pass, you can't have any access in it, bcs nobody will know the pass :p It's very small and has no light, so it's very easy to hide it.  Since I bought I keep at least my half btc there in any case. Even if something happens and one of the wallets I use online, closed, or hacked, I will still have the rest of them safe in my prezor Wink
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April 04, 2017, 02:24:42 PM
 #134

The better way to keep your BTCis on trezor. I use it and it's very safe. Nobody can hack it, even if the pc you use will be hacked, your bitcoin, can't go anywhere. You choose your pass and nobody will know it. If you forgot this pass, you can't have any access in it, bcs nobody will know the pass :p It's very small and has no light, so it's very easy to hide it.  Since I bought I keep at least my half btc there in any case. Even if something happens and one of the wallets I use online, closed, or hacked, I will still have the rest of them safe in my prezor Wink
Trezor is a good choice but you cant say that theres no risk on lossing it because you memory would be your enemy here because if you store it for a very long time tendency that you will forget the informations about that wallet is there.You are right even on desktop wallets possibilties of getting hacked would be there thats why we should be careful on where to store and hardware wallets would be the best choice.
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April 04, 2017, 02:43:14 PM
 #135

I keep bitcoin in the the wallet online. but mostly I use to stock trading. because I believe that trade can be profitable. the money generated is exactly what makes me happy.
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April 04, 2017, 02:58:53 PM
 #136

I just keep it in two places, and seperates based on its usage. for BTC that I use for everyday purposes, I kept Coinbase, because I feel that Coinbase have good security, and bitcoin for business in blockchain. Well, both of them using 2FA security system, so I felt it would be safe.
Bitcoin just going upfront, now it's concern to keep our bitcoin safety. I think use sepetates wallet to keep our bitcoin seems right method and effective too. It could be best to secure also their security option like better so why not choose them.
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April 04, 2017, 05:15:49 PM
 #137


if you store your coins in a purse should trade you should frequently check, because sometimes there is a place that enforces closing trading coins no activities in trade so I recommend to frequently look at it, we take its course safe
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April 04, 2017, 10:42:37 PM
 #138

I like to have Bitcoins placed in my wallet from time to time only because the coins remain more secure compared to the online exchange. Since we've all been seeing the online exchanges getting hacked and websites being offline -Bitcoins are extremely valuable for some reason and I think that those with Bitcoin should try to store them in a safe place before something bad happens.
A Bitcoin file stored on a hard drive encrypted with a password is the correct method to storing Bitcoins.

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April 04, 2017, 11:31:00 PM
 #139

I like to have Bitcoins placed in my wallet from time to time only because the coins remain more secure compared to the online exchange. Since we've all been seeing the online exchanges getting hacked and websites being offline -Bitcoins are extremely valuable for some reason and I think that those with Bitcoin should try to store them in a safe place before something bad happens.
A Bitcoin file stored on a hard drive encrypted with a password is the correct method to storing Bitcoins.
because the online exchange is not a wallet they have any control over your bitcoin. especially a lot of exchange which had been a scam. of course it will not make a secure store in exchange
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April 04, 2017, 11:44:00 PM
 #140

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs



I keep mine in an online wallet, I am not completely sure if it safe but they do exchange bitcoin into fiat so its okay of having it then, I won't be having a lot of bitcoin in there cause there is a change of my account being vanish, in my current situation I just earn bitcoin from some trading and some bounty then cash some out if its going higher than my ideal bitcoin amount. But if I'm going to hold bitcoin for a long time, brain wallets is my first in option cause it has the highest security if you use it right but somehow dangerous if you are not to be careful, just save your brain wallet information or write it down (if you prefer that way) then make sure its in a safe place and no one can have that even your family, just to ensure that it won't get loss, it has a high security but don't you dare make mistakes in brain wallets simple mistakes means disaster.



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